Why people try to create their own coins? - page 20.

FrosDiamond

newbie

Activity: 126

Merit: 0

Quote from: ember.suc on October 09, 2017, 05:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

yes the answer is very clear, money is a key factor for these people, you will be surprised how many of these people run several projects too. yes because of money, people are willing to do anything.

RistirP

jr. member

Activity: 98

Merit: 1

This is normal and in this there is nothing surprising. It is the business. They try to create different new projects and new coin to make money.

sultanGol

member

Activity: 188

Merit: 10

I do not think any of them feel, they are wasting their time. In some cases, it is just about fun, or reputation, but most of the time an investment.

JPSelzer

member

Activity: 689

Merit: 14

World's First Crowd Owned Cryptocurrency Exchange

People always want to be better than someone, I want to create something new, unique. Previously, when the cryptocurrency was not so well known, many projects managed to easily implement their idea and collect well on the ICO. Now the competition has increased and it is not easy to do so. We have to come up with something more interesting. Therefore, for many, the creation of a new coin is only necessary in order to earn more money.

TerrorFromTheDeep

full member

Activity: 324

Merit: 100

For some people this is fun. For a most part of crypto enthusiasts, this is an opportunity to try thier strengths and gain experience. For some people this is an opportunity to earn money.

And well, you can not forget about scammers.

cak imin

member

Activity: 250

Merit: 10

either create what is now a lot of people make their own coins. There should be regulations for some platforms such as eth and waves in the creation of a new token. so not everyone creates their own tokens, as this could be a scam.

enriquemendez18

newbie

Activity: 38

Merit: 0

Just to make money moostly I guess. A lot of companies are the same too.

97percent

jr. member

Activity: 392

Merit: 1

☀️ Iskra Coin ☀️

There are many advantages to making replica coins. But it is unfortunate that this act is detrimental to many people. They benefit unilaterally by utilizing the weaknesses of their participants. Their actions are hated and avoided by everyone. Be careful when choosing coins. Investigate first and select those who already have enough experience. Because so many new coins are popping up making people confused in choosing a valid coin.

sinkfish

jr. member

Activity: 252

Merit: 1

a more sophisticated method to finance projects, increase personal or company value, trading, tax running. or simply scam money from others.

zhuiyongliang8

newbie

Activity: 210

Merit: 0

I think the main reason real projects try to create their own COINS is to enable them to fund their projects, while some people develop a legitimate project or some development scam project, trying to make easy money.

funkenschuster

member

Activity: 185

Merit: 10

A great many people to my view has seen that this implies has made a wellspring of pay for others along these lines attempting to make their own coins which achieves the duplicate felines. They end either taking ones thoughts or replicating them and control it in such a basic way which will be little bi unique in relation to theirs however at the long route round they have similar thoughts. Covetousness has now come into this Crypto business.

raider150shifter

jr. member

Activity: 126

Merit: 1

Because they believe they can make quick money out
of it, well let's not generalize, there are some that believe
that there idea is worth something.

Lexurdania

member

Activity: 840

Merit: 10

Quote from: Boris_sahnevich on September 05, 2018, 02:47:41 AM

People are trying to get rich and get recognition and progress on the crypto-currency market. Is it bad? They have goals and they aspire to them. And despite the fact that the ideas are repeated the team is trying to improve its project and become better than others.

Most people want to take an opportunity in rising market. Right now many altcoin have similiar project with others and they compete each others. I think competition is good for market and let investor decide the best to invest

manwithsuit909

newbie

Activity: 98

Merit: 0

Quote from: ember.suc on October 09, 2017, 05:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

I dont agree what u said ,there's still chances for them to achieve success in crypto but they should come out something the world havent not copy and paste whole thing

AaronVanW

member

Activity: 198

Merit: 10

I figure the primary explanation for is to procure cash. A few activities are profitable, fruitful generally come up short. These days a few organizations are likewise include to make their own coins, thusly they accumulate customers, which draw in their items too. A few people assemble numerous individuals to connect with, enlist coin on trades, pump it lastly flee with part of cash.

davemorg

newbie

Activity: 164

Merit: 0

Most people do this with the goal of earning on newcomers who will buy their coins.

Fedollam

jr. member

Activity: 98

Merit: 1

People create new cryptocoins in order to earn money, if their asset starts to grow. There is hope of earning, but it does not always work out as the coin maker wants.

Boris_sahnevich

jr. member

Activity: 280

Merit: 1

People are trying to get rich and get recognition and progress on the crypto-currency market. Is it bad? They have goals and they aspire to them. And despite the fact that the ideas are repeated the team is trying to improve its project and become better than others.

bizzargin

sr. member

Activity: 424

Merit: 250

The thirst for wealth perhaps. I think that it is more profitable to invest in an existing project.

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

Quote from: hung690 on September 03, 2018, 09:06:53 AM

Dear friend,
This is a great question, it is very useful for us, who are involved in this field. In my opinion, people create their own coin to serve the financial digitization of a field of life such as agriculture, logicstics, transportation, energy, etc. All of these are optimized for using.

I believe every person will have own token/tokens for some aspects of life in the near future. It will be as normally as accounts in social media now.

Topic: Why people try to create their own coins? - page 20. (Read 11254 times)